₦airaland Forum

7 STOCKS TO AVOID PRESENTLY ARE:


1. Austin Laz Plc
2. CMFC Plc
3. FTN Cocoa Plc
4. Infinity Trust Mortgage Bank Plc
5. Juli Plc
6. Prestige Insurance Plc
7. UPDC Plc

You said a mouthful there 👏

That breakdown is real. And you’re right — it’s not about blaming women. It’s just power dynamics 101.

*Sex = leverage* for whoever has it and knows how to use it. Just like money, status, beauty, connections. People use whatever tools the market gives them.

*For men:*
Attention, access, favours, commitment, "tolerance for nonsense" 😅 — sex can open all of that.
And because it feels good + biological + ego, the brain can go offline real fast. That’s where men lose.

*The lesson you gave is solid:*
1. *Enjoy it* - don’t demonize it
2. *Don’t be ruled by it* - don’t trade your standards, money, peace, or long-term goals for short-term access
3. *See it clearly* - know when it’s genuine connection vs when it’s currency

Same way we tell women "don’t let money switch off your brain". Same advice, different currency.

Dating culture + social media just amplified the whole thing. Now everyone’s negotiating, whether they admit it or not.

So yeah: *Enjoy women. Enjoy sex. Keep your brain on.*
Don’t become a slave to access, don’t become a slave to the fear of losing access.

It's always an eyesore.

*UNIVERSAL INSURANCE PLC SUSPENDED FROM NGX*
*Effective: Thursday, 20 August 2026*

*Why it was suspended:*
1. *NAICOM revoked the operational license* - Company failed to meet the minimum capital requirement for its license category
2. *Liquidator appointed* - To take over the company’s assets

So NGX had to halt trading immediately. The shares won’t trade until regulators give further guidance.

*What this means for shareholders:*
- *You can’t buy or sell* Universal Insurance shares on NGX for now
- *Your shares are not cancelled yet* - but with a liquidator in place, it depends on what’s left after liabilities are settled
- *Next steps* will come from NAICOM + NGX + the liquidator. Usually it’s either restructuring, merger, or full wind-down

This is part of NAICOM’s recapitalization push. We’ve seen a few insurers struggle to meet the new capital base requirements over the last 2 years.

*What you should do now:*
1. *Don’t panic sell* - You can’t anyway. The market is closed for it
2. *Watch for updates* from NGX, NAICOM, and the company’s registrars on claims or liquidation process
3. *If you have dividends unclaimed*, contact the registrar ASAP
4. *Check your portfolio exposure* - If this was a big % of your holdings

This is tough news, especially for long-term shareholders.

Also sending strength — losing a stock to suspension or liquidation is never easy 🙏

How does this concern us?

If they had gone there successfully, would they have informed us?

Oasisblue:
Its demoralizing losing millions daily. When will the bleeding stop? I dont even know what is responsible for the dip as companies are posting record revenues and profits. Maybe NGX is BetNaija as someone earlier said.

Remember to also tell us when you start gaining millions daily.

*Guinness Nigeria: "We are NOT delisting from NGX"*.

Guinness Nigeria Plc has officially shut down delisting rumors.

*Key Points from MD Girish Sharma at Investor Meeting*

*1. Delisting Status: NO PLANS*
> "At this point in time, there are no plans to take the company private or re-list it. We will continue to remain a publicly listed company for now"

This matches what he told investors in previous engagements.

*2. Strong H1 2026 Results*
- *Revenue*: N265 billion in H1. Q2 alone grew 20% YoY
- *Net Sales Value*: +12% in H1
- *Operating Profit*: +15% in H1
- *Profit After Tax*: N25.3 billion = *+53%* vs last year
- *Gross Margin*: ∼37%. *Operating Margin*: ∼16%
- *Volumes*: +21% vs H1 2025

*3. Balance Sheet Repair*
- *Equity*: Up from N43.3bn to *N64.2bn* - driven by turnaround in retained earnings
- *Net Debt*: Cut almost 50% from N37bn to *below N19bn*
- *Dividends*: Declared for 2nd consecutive time. Returned close to *N20bn* to shareholders
- *Capex*: Just under N20bn spent on manufacturing upgrades and volume initiatives

*4. Strategy Going Forward*
- *Focus*: Growth + efficiency + shareholder returns
- *Manufacturing*: Fixing aged infrastructure for efficiency and capacity
- *Portfolio*: Betting on RTDs and non-alcoholic beverages as global trend shifts from beer
- *FX*: Citing relief from stronger naira - now ~N1,379/$ vs >N1,500/$ a year ago. FX reserves at ∼$51.5bn

*5. On Acquisitions*: "We have enough on our plate" with 2 large plants + logistics. Not pursuing major deals now.

Guinness is deleveraging, paying dividends, and doubling down on NGX listing.

The beer/RTD sector is also seeing consumer shift, but Guinness says its "total beverage alcohol" portfolio gives it flexibility.

*Bottom line*: Guinness Nigeria is staying listed, balance sheet is stronger, and they’re paying shareholders while investing in capacity.

Toyeoye, please why is Aluminium Extrusion Industries Plc no longer showing on the Platform? It was suspended, not delisted.

Do resolve it.

These 2 Insurance Companies that were getting set to return soon to the stock market, may never be allowed to do so again, as their Operating Licenses have now been revoked by NAICOM.

1. African Alliance Insurance Plc
2. STACO Insurance Plc

https://businessday.ng/insurance/article/naicom-clears-final-7-insurers-as-recapitalisation-exercise-ends/

https://blueprint.ng/six-insurers-miss-recapitalisation-deadline-as-sector-raises-n720bn/

https://nairametrics.com/2026/08/18/these-six-insurers-missed-naicom-recapitalisation-deadline-face-uncertain-future/

https://proshare.co/articles/staco-insurance-advances-recapitalisation-process-awaits-shareholder-approval-on-funding-plan?menu=Market&classification=Read&category=Public%20%26%20Private%20Offers

https://punchng.com/staco-advances-recapitalisation-plan-after-accounts-approval/

Finally, Universal Insurance Plc has been suspended from the Nigerian stock market...

Erniemax101:
Is the Ding not dinging today? Why the delay on NGX part

NGX is observing early morning Isese Day Public Holiday.

londonerr:
If you lived in Lagos and saw the insurance brokers in their pain... You wouldn't invest a farthing in any insurance company... How much is that sterling bank owing?

Explain more...

londonerr:
LASASCO no dey dia? Megawealth01

Lasaco Assurance Plc survived. Next is for them to now show workings and prove that those who trusted them enough to pour in Billions of Naira to rescue them at the last minute, were actually Investors and not just speculative Gamblers.

The human cost of the NAICOM recapitalisation exercise. While NAICOM set the rules, we should blame *boardroom indecision* for what happens next.

*1,500+ INSURANCE JOBS LOST*

7 legacy insurers failed to recapitalise in time, and are now winding down. That’s pushed *over 1,500 core staff* into the labour market.

*BREAKDOWN OF AFFECTED STAFF*
1. *African Alliance Insurance Plc*: ∼550 employees.
2. *Nigerian Agricultural Insurance Corporation (NAIC)*: ∼350 employees
3. *Staco Insurance Plc*: ∼150 - 240 employees
4. *Universal Insurance Plc*: ∼135 - 163 employees
5. *Goldlink Insurance Plc*: ∼105 - 150 employees
6. *NICON Insurance Plc*: ∼50 - 100+ employees
7. *Royal Exchange Prudential Life Plc*: ∼20 - 50 specialist employees.

Thousands of *tied agents, brokers, and service providers* are affected too.

*WHO IS TO BE BLAMED*
1. *Boardroom inertia*: Delayed capital injection, failed M&A talks, poor capital allocation.
2. *Missed the window*: Didn’t inject equity or restructure early enough during the recapitalisation period
3. *Loss of premium income*: NCRIB directed brokers to stop doing business with non-compliant firms. That cut off cashflow, so boards couldn’t even pay salaries.

*REGULATOR'S SIDE*
NAICOM’s position is that "weeding out weak operators is essential for a healthy financial system" and policyholder protection. The new NIIRA 2025 capital thresholds were meant to make insurers stronger.

48 insurers + 2 reinsurers met the July 31, 2026 deadline and raised ~N720B. The 7 above didn’t.

*THE BIGGER PICTURE*
This is the painful part of financial sector cleanup.
- *Short term*: Job losses, stranded policyholders, and claims uncertainty
- *Long term*: A stronger, better capitalized insurance sector that can actually pay claims and absorb risk.

For Universal Insurance specifically, this matches the licence revoked Aug 14, receiver appointed, and now we see ∼135-163 staff affected there.

It’s a reminder that regulatory deadlines are real, and board decisions have direct consequences for workers.

Tomorrow, Thursday, August 20, 2026, has been declared a work-free public holiday by regional governments including Lagos State, Ogun State, and Oyo State to celebrate Isese Day, honoring indigenous Yoruba cultural heritage and traditional religion.

Let me guess. She has nose ring, multiple earrings, leg chain, or waist beads. True or False?

5.94 Million Naira worth of dead Universal Insurance Plc shares was Bought today by unfortunate Gamblers...

InvestorHalal:
Which kind two-way advice be this? 😆

It's called Double-Agent Special Adviser.

edwardaigb:
Buy stock without research at your peril, difficult he seems but streetinvestor, PaEmma and probably one or two others earn my respect. all the others are noise.

All the others are noise? You are not ok.


Why not contribute yours so that you can also earn the respect of others?

The most stingy people are also the most ungrateful people.

Veritas Kapital Assurance Plc on Full Bid at N1.49.

About 39 Million Naira spent so far on Buying the stock today...

chimex38:
They will have to submit their papers.
NAICOM will now have to call auditors again to review it for another 2-3weeks, etc...
Their contract with Special purpose Vehicles(SPVs )personnels and other auditors specifically for this process must have expired.


I think universal assurance can still apply back for license when they've put their house in order..
In 2-5months.

As early as September 2026 or early Q1 2027.

At least they aren't undergoing liquidation.
No big deal.


I think the only company that got leeway was African Alliance.(AA)
They were already undergoing liquidation and claim settlement issues during the recapitalisation period and currently not operating.

You missed it. Universal Insurance Plc is now officially under NAICOM-imposed Liquidation and Winding Down, abi na Up sef.

faoogoke:
It is trading today. NGX is yet to yield the axe

NGX should have suspended the trading on Universal Insurance Plc BEFORE trading started today. This is so unfair to the new Buyers ooo.

So far today, 3.67 Million Naira has been spent in Buying the dead company.

faoogoke:
Any stock wey loco promote dey get accident las las

But Royal Exchange Assurance Plc is still fully in the stock market. Nothing really concern them with NAICOM.